In the second quarter, the economy contracted at the steepest pace since at least 1970, when quarterly calculations were first...
News Category: GDP
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Germany: GDP contracts at record-steep pace in Q2 due to Covid-19 -
Austria: GDP contracts in Q2 at sharpest rate since WW2 due to Covid-19 GDP contracted 10.7% on a seasonally-adjusted quarter-on-quarter basis in the second quarter, deteriorating from the first quarter’s 2.4% contraction. Q2’s... -
Lithuania: GDP falls in Q2 for the first time in over a decade GDP plunged 3.7% year-on-year in the second quarter, contrasting the first quarter’s 2.4% expansion and marking the sharpest contraction since... -
Hong Kong: GDP plunges at sharpest rate on record in Q2 The economy contracted 9.0% in year-on-year seasonally-adjusted (yoysa) terms in the second quarter, resulting in the second fastest contraction since... -
Taiwan: Economy records sharpest contraction in over a decade in Q2 According to a preliminary reading, GDP dropped 0.6% year-on-year in the second quarter, contrasting the 2.2% expansion tallied in the... -
Korea: Economy contracts in Q2 at most dramatic pace in decades According to preliminary data released by the Bank of Korea, the economy contracted 3.3% in quarter-on-quarter seasonally-adjusted (qoqsa) terms in... -
Angola: Recession deepens in Q1 before full impact of Covid-19 was felt The economy remained in recession in the first quarter, and the downturn is expected to have intensified in the second... -
Guatemala: Economic momentum weakens markedly in Q1 Economic growth eased markedly in the three months ending in March, with GDP expanding a meager 0.7% year-on-year in the... -
Belarus: Economy enters recession in Q2 A preliminary estimate revealed the economy shrank 1.7% in the first half of the year. This followed a 0.2% contraction... -
China: GDP bounces back in Q2 on gradual normalization and foreign demand for health products Economic activity rebounded in the second quarter after the coronavirus pandemic hammered the economy in the first quarter, led by...